Chris Willis and Jesse Silverman from Troutman Pepper join the discussion to unravel the intricate lifecycle of fintech. They dive into why new fintech VCs pop up every few years, analyzing the technological waves influencing this pattern. The conversation explores the balance between innovation and security, addressing the existential risks fintech faces today. They also touch on enhancing regulations and openness to support diverse operators in the sector, aiming for a better future in bank-fintech partnerships.

Jesse Silverman, a key member of Troutman Pepper's Financial Services team, joins fintech expert Alex Johnson, author of the Fintech Takes newsletter. They dive into the future of bank-fintech partnerships and the critical role of banking as a service. Topics include the regulatory challenges fintechs face and the necessity for improved consumer disclosures. They emphasize the balance between fostering innovation and ensuring compliance while advocating for a collaborative regulatory approach to strengthen the financial ecosystem.

Regulatory lawyer Jesse, Trustly's Matt, and editor Kiah discuss the aftermath of Synapse's bankruptcy, focusing on banks' compliance failures and AML/BSA issues. They delve into regulatory gaps, risk management, and the need for banks to adapt to digital risks. Insightful discussion on evolving banking landscape and industry challenges.